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Downing Renewables & Infrastructure Trust Plc ( (GB:DORE) ) has shared an update.
Downing Renewables & Infrastructure Trust Plc announced the purchase of 40,000 of its own shares at an average price of 77.00 pence, which will be held in Treasury. This transaction adjusts the company’s total voting shares to 171,467,889. The move is part of DORE’s strategy to manage its share capital effectively, which may impact shareholder calculations relating to voting rights as per FCA’s Disclosure Guidance and Transparency Rules.
More about Downing Renewables & Infrastructure Trust Plc
Downing Renewables & Infrastructure Trust Plc (DORE) is a closed-end investment trust focused on providing sustainable income and capital growth through investments in renewable energy and infrastructure assets in the UK and Northern Europe. The company is recognized for its contribution to the green economy, having received the London Stock Exchange’s Green Economy Mark and the ‘Renewables Fund of the Year’ award at the Sustainable Investment Awards. Managed by Downing LLP, DORE aims to accelerate the transition to net zero by diversifying its portfolio across geography, technology, revenue, and project stages to ensure revenue stability and consistent income for shareholders.
YTD Price Performance: -8.13%
Average Trading Volume: 419,091
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £132.1M
For detailed information about DORE stock, go to TipRanks’ Stock Analysis page.
